S. Korea, U.S. Discuss New Economic Framework, Supply Chains



Yonhap News Agency

SEOUL, Jan. 19 (Yonhap) — The top trade officials of South Korea and the United States on Wednesday agreed to strengthen their strategic partnership to actively respond to supply chain issues, new technologies and other major trade issues, Seoul’s industry ministry said.

South Korean Trade Minister Yeo Han-koo and U.S. Trade Representative (USTR) Katherine Tai held a teleconference earlier in the day ahead of Yeo’s planned visit to the U.S. next week.

During the talks, Tai stressed the importance of regional cooperation through the envisioned “Indo-Pacific economic framework (IPEF),” which the Joe Biden administration has sought to launch in a move to better engage with Asia on trade amid an intensifying Sino-U.S. rivalry.

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